Owning a house of your own gives you significant freedom on every level of the ideology regarding home and comfort. It has a significant number of perks attached to it. And if you are renter, you thoroughly understand the troublesome conditions to live on somebody else’s terms. However, buying a dream house often scare us with the large chunk of finances that we will have to give in to see our names on the nameplate. It’s a dilemma with which the majority of the people in city live forever.

Let us look into this matter with a bit more detail and try to understand in some depth.

• If you're a renter, even one who is just a few years from retirement, it's not too late to buy a home, particularly if you intend to stay in your current locale indefinitely. While owning a home will probably be more expensive than renting, even after the tax savings from mortgage interest and property tax deductions are considered, home ownership provides you with more stability since you would no longer be subject to the landlord's impulses. Home ownership also affords you the opportunity to build equity in your home which could come in handy in late life should you need to tap into the equity through, for example, a reverse mortgage
  
  
• This is the best time to buy house for either personal use or investment purpose. Reasons are that rates are at their lowest, interest on home loan affordable and tenure increased, RERA for safeguard, GST decreased overall tax and a lot many other factors are in favor of the purchaser. There are many reasons why you should consider jumping into the real estate market and buying a home. Below is a list of 9 reasons why you should seriously consider it
  
  
• To Quit Renting
  
  Why contribute to someone's mortgage payments when you could be paying off your own? With programs available like the new 40-year amortizations and no money down with a good credit score, it is easier than ever to own a home. And with the current market increase in rent it can sometimes be cheaper to own than it is to rent and there is no fear of your mortgage payments suddenly increasing
  
  
• Security
  
  You don’t have to worry about your house being sold out from under you to out-of-province investors. If renting and faced with this scenario, you could find yourself faced with an unreasonable increase to your rent, thereby leaving you potentially homeless or too poor to eat. These increases could continue indefinitely so the investors can make more money or so that you will feel forced to leave and they can turn your building into a condominium
  
  
• Investment
  
  The price of real estate continues to increase yearly, therefore purchasing real estate is one of the safest long-term investments a person can make. If you had the choice between putting money towards a new car or a new house, a house should win every time as it will appreciate in value over the years whereas a car does the opposite. Once you own one house and build some equity you may also be in a financial position to buy another and rent one out
  
  
• Low Interest Rates
  
  Right now we have some great interest rates which will help you get your foot on the first rung of home ownership. It is a great time to get into the market and lock into a really good interest rate and build equity
  
  
• Pride of Ownership
  
  One of the biggest reasons people buy properties is the pride of saying they own something. Even if it is a little starter home or apartment style condo, it is yours and you can do with it as you please, and for that, a person should be proud, as ownership is an accomplishment
  
  
• Privacy
  
  If you own your own house, you don’t ever have to worry about the owners checking up on you, since you are the owner! You will gain much more independence and privacy when you have your own property
  
  
• Equity
  
  One of the best things about owning a home is that you are building equity, which gives you more freedom financially as you can access a home equity loan. You may then borrow against the equity you have built in your home for a wide variety of reasons including home improvements, paying for school for your children, medical reasons, or even starting your own business. Check with your lender, as these vary from one to the next
  
  
• Freedom
  
  You are free to do what you want in your own home, whether you want to paint the walls in pink and black zebra or put carpet on the ceiling (not recommended of course!). You have the freedom to express yourself and your personal tastes and change the house to suit your needs. You can hang as many pictures as you want and do renovations as you please. Just keep in mind that when you are ready to sell your home, not everyone may like what you do
  
  
• Sense of Community
  
  Owning a house gives you a feeling of belonging in that neighborhood and gives you the sense of putting down roots and getting established. There are also many neighborhood groups that you can become involved in, and if you have children it may be of benefit for schools and friends